Bundesbank=insufficient knowledge

LOL, just last week I was writing about the same thing on this forum...
now it's Bini Smaghi... does he read my posts or is it now so obvious that the Bundesbank is a bunch of incompetent guys ?
Enjoy

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"So I regard many of the criticisms of the ECB to be the result of inadequate economic analysis, of insufficient knowledge of the crisis in which we find ourselves and of anxiety resulting from experiences in the distant past that are not relevant to the current situation," he said in the text of a speech for delivery in Rome.

The bond-buy plan has provoked concerns about inflation in Germany, which has memories of hyperinflation in the 1920s, when a wheelbarrow full of cash was needed to buy a loaf of bread.
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